Thursday, June 26, 2008

Pixelworks Back In Nasdaq Compliance After Reverse Split

Tualatin, Oregon-based semiconductor firm Pixelworks said today that it has received notification from the Nasdaq Stock Market that it has regained compliance for continued listing on the Nasdaq Global Market. The troubled semiconductor manufacturer had been warned by the NASDAQ in December that it was not meeting minimum bid close prices, the first step in delisting. Pixelworks said the matter is now closed. The firm met the requirement through a reverse split of the firm's stock. Pixelworks is a maker of chips for the digital projector and flat panel display market.